What is pricing condition in SAP SD - Sales and Distribution?

SAP Term: pricing condition

• Component: SD

• Component Name: Sales and Distribution

• Description: A data element used to define prices according to criteria selected by the user.

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• Key Concepts: 
  Pricing condition is a term used in SAP Sales and Distribution (SD) to refer to the conditions that are used to determine the price of a product or service. These conditions can include discounts, surcharges, taxes, and other factors that affect the final price of the product or service. 
  
  How to use it: 
  In SAP SD, pricing conditions are set up in the system and can be applied to sales orders. The system will then calculate the final price of the product or service based on the pricing conditions that have been set up. The pricing conditions can also be changed at any time if needed. 
  
  Tips & Tricks: 
  When setting up pricing conditions in SAP SD, it is important to make sure that all of the conditions are accurate and up-to-date. This will ensure that the system is calculating the correct price for each product or service. 
  
  Related Information: 
  Pricing conditions are closely related to other terms such as discounts, surcharges, taxes, and other factors that affect the final price of a product or service. It is important to understand how these terms interact with each other in order to ensure that the system is calculating the correct price for each product or service.